Forbes calls Kylie Jenner "self-made" - 20 year old built a $900 million fortune in less than 3 years
I had earlier made up my mind that I would never write anything about the Kardarshian-Jenner family on my blog no matter how much and for what they came in the news (I'm not a fan of fan of an reality TV shows; Indian or otherwise). But some things can't be given a miss. Now we all know that everything that happens in the Kar-Jenner households adds to making them popular and richer. But to what extent, we have come to know now.
Just 20, and an extremely young mother (she had baby daughter Stormi in February), Kylie Jenner runs one of the hottest makeup companies ever. Kylie Cosmetics launched two years ago with a $29 "lip kit" and has sold more than $630 million worth of makeup since. Add to that the millions she's earned from TV programs and endorsing products, she's conservatively worth $900 million, which along with her age makes her the youngest person on the fourth annual ranking of America's Richest Self-Made (which is a debatable point) Women. Half-sister Kimberly Kardarshian in comparison is worth $350 million.
Her near-billion-dollar empire consists of just seven full-time and five part-time employees.
Now any business management student would ask how. Answer -
Manufacturing and packaging - Outsourced to Seed Beauty, a private-label producer.
Sales and fulfillment - Outsourced to the online outlet Shopify.
Finance and PR - Her mother, Kris, handles the actual business stuff, in exchange for the 10% management cut she takes.
And because of those minuscule overhead and marketing costs, the profits are outsize and go right into Jenner's pocket.